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How's the Market?

Is it the weather?  Beach sales (and high end sales in general) are heating up!


In Montecito, the luxury market is seeing a significant increase in activity compared to last year and on the beach, three recent sales have us feeling like it’s 2021 again!


Here are the highlights:

  • In Santa Barbara County there are approximately 33 Active Listings above $10M

  • So far this year there have been 10 sales over $10M

  • All of the sales in the luxury market have taken place in Montecito

  • The largest sale has been 875/885 Park Lane; which sold off market for $33.8M

  • There have been 3 sales above $30M so far this year

  • 5 of the 11 sales so far have taken place off market

  • Padaro and Miramar Beach both had sales in the +/-$20M range in the last 30 days

Discover the latest luxury property to hit the market last weeka breathtaking Spanish Colonial estate that has been thoughtfully reimagined. With a Guest House, pool, custom cedar hot tub, bespoke finishes and more, this property epitomizes the essence of understated luxury and privacy in Montecito. Explore the unique story of this show-stopping retreat below.





What Happened in Montecito Last Week?

April 14th - April 20th









 




If you have not noticed, several new fitness facilities have opened up in Montecito recently. One of the latest - The Longevity Club. This fitness club is dedicated to enhancing health and longevity through the pioneering Medicine 3.0 approach. This club provides a tailored plan of care to address individual health needs and combat major health risks such as Cardiovascular Disease and Cancer. Situated in the heart of Montecito, the facility offers cutting-edge, research-based therapies designed to improve overall well-being and longevity.


Click below to learn more!





 


That sums it up for last week!

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